Start saving: iPhone 8 price could push past $1,000

10th anniversary iPhone to be the most expensive yet?

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Rumors abound painting Apple's next iPhone as an entirely different beast than its predecessors. However, all those changes could come with a hefty price tag to boot.

Given the advancements and new features Apple is expected to put into the upcoming iPhone 8, a source speaking with Fast Company reveals the 10th anniversary iPhone - which might go by the name iPhone X - could cost more than $1,000 (about £800/AU$930).

It wouldn't actually be too outlandish for an iPhone to cost a grand, as the 256GB iPhone 7 Plus already commands a price of $969 (£919/AU$1,569).

That said, it appears the iPhone 8 could step that figure up as the most expensive handset from Apple yet, barring those third-party 24 karat gold iPhones marketed at billionaires.

Why might the iPhone 8 be so expensive?

Still, it's quite a leap to go into quadruple digits for a phone, so what could drive the price up that high?

Several reports claim Apple is looking to use a curved AMOLED screen for the device. While eye-popping and vivid, AMOLED screens could cost Apple twice as much as the LCD screens currently used in its handsets. This version of the iPhone 8 is expected to have a 5.8-inch screen.

We won't know for sure how much to shell out until Apple gives the word later this year, but we anticipate there being different models - namely the iPhone 7S, iPhone 7S Plus and iPhone 8 - to give customers a chance to opt out of more expensive features, similar to the dual-lens camera exclusive to the iPhone 7 Plus.